Giustra's Hive switches from mining gold to bitcoin, surges six-fold

Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world's largest gold companies, is digging for another kind of gold: cryptocurrencies.

The company he has backed, Vancouver-based Hive Blockchain Technologies Inc., is among the first publicly traded stocks to provide exposure to crypto mining -- the vast data crunching needed to verify the blockchain and the volatile currencies they produce like bitcoin and ether.

So far his decision to dig for data servers has paid off. Hive's shares have soared about 560 percent, giving it a market value of C$497 million ($398 million), since it took over the listing of Leeta Gold Corp. and began trading on Sept. 18. After only three days the company raised C$30 million in a share sale led by GMP Securities LP. ...

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.